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$1,500,000
2559752 MLS ⋅ ACTIVE Status
Exceptional opportunity to acquire a well-maintained 8-unit multifamily property in the heart of Kent. This turnkey investment offers immediate cash flow, consistently low vacancy, and substantial upside through future rent growth. There are multiple exit strategies as each condo is individually parceled off with recent sales as high as $260k in the community. Each spacious 2-bedroom, 1-bath unit features approximately 930 SF, a fireplace, in-unit washer and dryer, reserved parking, and an efficient floor plan that continues to attract long-term tenants. Many tenants are long-term with lower than market rents with the potential to achieve $2,100+ per month as leases renew and units are refreshed. Pro-forma shows this as an 8% cap rate. Possibility for even higher rents as mid-term rentals. HOA dues cover professional management, water, sewer, garbage, exterior building maintenance, and landscaping. Creating a low-maintenance ownership experience. Recent improvements include newer roofs, brand-new siding, windows, doors, gutters, balconies, electrical panels, crawlspace insulation, moisture barriers, seismic retrofitting, road resurfacing, and concrete replacement. A rare opportunity to acquire a stable, income-producing 8-unit asset with long-term appreciation and value-add potential in one of South King County's strongest rental markets. Extremely convenient location to highways, public transportation, and shopping.

1609 Maple Lane Unit #C1-C8, Kent

Listing courtesy of Windermere Real Estate JS.

$1,700,000
2247526 MLS ⋅ SOLD Status
Seller Financing available! Seller carry 25% down, 5% interest for 2 years. 10839 SE 200th St in Kent, WA showcases a collection of six two-bedroom units averaging 869 SF each. Recent enhancements include upgraded countertops, cabinetry, flooring, and lighting in select units. Every residence is furnished with essential appliances such as washer, dryer, microwave, and garbage disposal. Opportunities for further unit improvements exist, alongside potential supplementary revenue streams from utility bill backs and paid parking. Positioned as a stable investment prospect, this property offers investors the prospect of enhanced rental income through modest renovations and market rate leasing.

10839 SE 200th Street, Kent

Listing courtesy of Northmarq Commercial, LLC. Selling Office: Keller Williams Realty PS.

$1,600,000
2217557 MLS ⋅ SOLD Status
Attractive 9 unit apartment building centrally located in Kent. Rents are below-market and a value-add opportunity exists to fully renovate the units and lift rents higher. The building has seen extensive updates during the last 12 months, with over $160,000 spent on improvements. 6 of the 9 units have been updated with LVP flooring, new appliances, bathroom remodels, and paint. All electrical panels have been replaced. Exterior improvements include the installation of a new membrane roof, fresh exterior paint, replacement of the sewer line connection, landscaping and the Puget Sound Energy box replacement. The building is “L-Shaped” with a courtyard which provides a sense of community for the tenants.

9045 Canyon Drive, Kent

Listing courtesy of Paragon Real Estate Advisors. Selling Office: Skyline Properties, Inc..

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